What are the NSF notice options?

To edit the NSF notices options:

• Click  Options located on the right top of the window. 
• Select Notices from the drop-down list located below Loan Servicing on left side of the panel.
• Click the NSF tab. 
• Select whether to either delete outstanding distribution checks or create reversals when applying an NSF payment:
  • Delete all outstanding (unprinted) distribution checks. If you choose this option, the system will search for all of the lender checks created by the payment but not yet printed and delete them as if the payment never happened.
  • Create reversals. If you select to create reversals, both the payment and the reversal will appear on the lender’s check and the lender will know that a check was received from the borrower and that it was returned NSF.
• NSF charge amount. Enter the default amount to be charged for NSF payments. You may modify this amount when recording an NSF transaction.
• Under the Microsoft Word Template section, click  Download to download the notice for customization in Microsoft Word, using the Word add-in. To learn more about editing notices, refer to How to edit notices.
• Click  OK to save the changes made or click  Cancel to exit without saving.